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P R I N C I P L E S O F

P R I N C I P L E S O F. F O U R T H E D I T I O N. Ten Principles of Economics. 1. In this chapter, look for the answers to these questions:. What kinds of questions does economics address? What are the principles of how people make decisions?

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Managerial Economics & Business Strategy

Managerial Economics & Business Strategy. Chapter 4 The Theory of Individual Behavior. Consumer Behavior. The Consumer Problem Maximize utility subject to constraints Different people with different tastes and preferences, but have a common goal:

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Foregone wages - PowerPoint PPT Presentation

P R I N C I P L E S O F

Managerial Economics &amp; Business Strategy

Managerial Economics & Business Strategy